hard currency

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Related to Hard currencies: Soft currency
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  • noun

Synonyms for hard currency

a currency that is not likely to depreciate suddenly in value

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References in periodicals archive ?
The purchased quantities of hard currencies grew by 12.
Another way to limit financial risk in joint ventures is to retain a portion of hard currencies in foreign banks.
The dinar, unlike the ruble and other Eastern European currencies, is convertible to hard currencies.
Merk Investments today announced the launch of the Merk Hard Currency Fund(TM), a mutual fund that invests in a basket of hard currencies assembled to protect against the fall of the dollar.
The source said that the arrests that took place during the last two days were carried out by the National Intelligence and Security Forces (NISS) whose agents also confiscated all the hard currencies found in the possession of the detainees.
04% at end-June 2003), it has also built-up a large liquidity reserve, over 80% of which is made up of deposits in banks outside the region rated 'A' or better and high-grade assets denominated in hard currencies.
Notwithstanding these factors, the company's financial flexibility and credit protection measures remain under significant pressure, reflecting the combination of sizable capital expenditure requirements, limited access to external financing and a debt structure largely denominated in hard currencies.